Green Dot Corporation (NYSE:GDOT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Green Dot Corporation (NYSE:GDOT) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $13.50.

Several equities research analysts have weighed in on GDOT shares. Zacks Research lowered Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th. Finally, Northland Securities set a $18.00 price objective on shares of Green Dot in a research report on Wednesday, October 15th.

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 27,931 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the transaction, the insider directly owned 226,656 shares in the company, valued at approximately $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Green Dot

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Green Dot in the 1st quarter worth approximately $96,000. DLD Asset Management LP bought a new stake in Green Dot during the first quarter worth approximately $549,000. Strs Ohio bought a new stake in Green Dot during the first quarter worth approximately $603,000. Cubist Systematic Strategies LLC acquired a new stake in Green Dot in the first quarter worth approximately $507,000. Finally, XTX Topco Ltd boosted its stake in Green Dot by 436.8% during the 1st quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider’s stock valued at $1,943,000 after purchasing an additional 187,293 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Stock Performance

Shares of NYSE GDOT opened at $11.57 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $13.19 and its two-hundred day moving average price is $11.38. Green Dot has a 52-week low of $6.12 and a 52-week high of $15.41. The stock has a market capitalization of $640.59 million, a P/E ratio of -26.28 and a beta of 0.80.

Green Dot (NYSE:GDOT) last posted its earnings results on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.17 by $0.23. The company had revenue of $501.16 million during the quarter, compared to analyst estimates of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The business’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, sell-side analysts forecast that Green Dot will post 0.87 earnings per share for the current year.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.